Incentive for investment in the development of rental housing for individuals and families with fixed or limited incomes.
The tax credit provides a dollar for dollar reduction (or credit) to offset an owner's federal tax liability on ordinary income.

706

properties

27,515

affordablehousing units

$202.5

million intax credits

64,288

temporaryconstruction-related jobs for Iowans

15,680

permanent jobs for Iowans

Housing

HOME

IFA has administered the HOME program since 2011. Since then, the program has assisted
in providing decent affordable housing to lower-income households, expanded the capacity
of nonprofit housing providers, strengthened the ability of state and local governments
to provide housing and leveraged private sector participation.

CY2011-CY2014 - Since IFA has administered the HOME program assisted in the development
or preservation of:

244

rental units

$29.8million

315

HomebuyersAssisted

$12.3million

2,730

Renters Assistedthrough Tenant-BasedRental Assistance

$13.3million

$550,000

for Community Housing Development Organizations operating expenses

NEARLY

$56 million

in investments

3,928

individuals assisted

Housing

State Housing Trust Fund

The State Housing Trust Fund helps ensure decent, safe and affordable housing for
Iowans through two programs. The Local Housing Trust Fund Program and the Project-Based
Housing Program aid in the development and rehabilitation of affordable housing throughout the state.

FUNDING AWARDED

AFFORDABLE HOUSINGUNITS IMPACTED

DOLLARS LEVERAGED

$56.5 million

20,349

$150.3 million

or

$1

of SHTFinvestment

=

$2.66

in other financing

Housing

Homelessness

The Iowa Finance Authority administers several programs that are designed to assist people in
quickly regaining stability in permanent housing after experiencing a housing crisis and or
homelessness. rehabilitation, expansion or costs of operations of group home shelters for the
homeless and domestic violence shelters.

The Iowa Finance Authority also provides administrative support to the Iowa Council on Homelessness,
is committed to ensuring that all Iowans have access to safe, decent and affordable housing.

57,456

people served

2005-present

125

partner agencies

Housing

Section 8

Operating under a performance-based Annual Contributions Contract with the United States
Department of Housing and Urban Development (HUD), IFA provides administrative Section
8 services to HUD to monitor performance of owners and management agents participating
in project-based Housing Assistance Payments.

Currently serving:

213

properties

12,000

low-income Iowa households provided affordable housing

71

counties

Housing

Homeownership

The Iowa Finance Authority helps make homeownership more affordable and accessible
for Iowans by investing in home mortgages for first-time and repeat home buyers, providing
grants for down payment and closing costs and issuing home buyer tax credits. By leveraging
federally tax-exempt bonding authority, the Iowa Finance Authority provides a stable source
of capital to fund affordable mortgages made by Participating Lenders across the state.

MILITARY HOMEOWNERSHIP ASSISTANCE PROGRAM
The Iowa Legislature created the Military Homeownership Assistance program in 2005 to help
eligible members of the armed forces purchase qualified homes in Iowa through a $5,000 down
payment assistance grant.

48,500

home buyers

$2.3 billion

in mortgages

4,284

military servicemembers assisted through Military Homeownership Assistance Program

24,250

jobs created*

(National Association ofREALTORS®: 1 job is created for every 2 homes sold)

Iowa was the first state in the nation to create a program to assist military service members in purchasing a home in 2005.

Water Quality

StateRevolving Fund

The State Revolving Fund provides low cost funds for drinking water and wastewater
facilities in Iowa. Federal grants allow for low-interest loans to help communities
affordably build or update their facilities. The SRF also offers programs that provide
affordable financing to assist homeowners, landowners and farmers with water quality
projects. The Iowa Finance Authority and the Iowa Department of Natural Resources jointly
administer the State Revolving Fund.

1,611

total loans toIowa communities

$2.5

billion loaned to Iowa communities

28,000

approximate jobs created

4,711

loans to Iowa homeowners, landowners, farmers and non-profits

Community Development

IFA issues bonds and loans the proceeds to private entities for the Construction
or rehabilitation of eligible projects. The interest on the bonds may be tax-exempt
(if eligible under the Internal Revenue Code), taxable or a combination of both.

$9.5 billion

in economic development bonds

Iowa Agricultural Development Division

The Iowa Agricultural Development Division administers programs
that provide assistance to beginning farmers in Iowa.

$560

million in loans for beginning farmers

6,615

beginning farmers assisted

$38.3

million in tax credits

388,000

acres purchased by beginning farmers

Iowa Title Guaranty

IFA's Iowa Title Guaranty Division offers low-cost services to guarantee title to real
property in Iowa. Iowa Title Guaranty partners with attorneys, abstractors and lenders
throughout the state to ensure the integrity of the land title transfer system.